Return on investment (ROI) is a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. It is one way of considering profits in relation to capital invested.
In economics, a service is an intangible commodity. More specifically, services are an intangible equivalent of economic goods. Service provision is often an economic activity where the buyer does not generally, except by exclusive contract, obtain exclusive ownership of the thing purchased. The benefits of such a service, if priced, are held to be self-evident in the buyer's willingness to pay for it.
Quality in business, engineering and manufacturing has a pragmatic interpretation as the non-inferiority or superiority of something; it is also defined as fitness for purpose. Quality is a perceptual, conditional and somewhat subjective attribute and may be understood differently by different people. Consumers may focus on the specification quality of a product/service, or how it compares to competitors in the marketplace.
A member state of the European Union is a state that is party to treaties of the European Union (EU) and thereby subject to the privileges and obligations of EU membership. Unlike the membership of an international organisation, EU membership places each member under binding laws in exchange for representation in the EU's legislative and judicial institutions. On the other hand, EU states retain considerable autonomy compared to the constituent states of a federation (such as a U.S.)
The Economic and Monetary Union (EMU) is an umbrella term for the group of policies aimed at converging the economies of all members of the European Union at three stages. Both the 17 eurozone states and the 10 non-euro states are EMU members. A Member State however needs to comply and be a part of the "third EMU stage", before being able to adopt the euro currency; and as such the "third EMU stage" has also become largely synonymous with the eurozone.
A politician, political leader, or political figure is a person who is involved in influencing public policy and decision making. This includes people who hold decision-making positions in government, and people who seek those positions, whether by means of election, inheritance, coup d'état, appointment, electoral fraud, conquest, divine right, or other means.
In addition to its other uses, the word "area" may refer to any of the following types of country subdivisions: Local Government Area Insular area Urban planning areas in Singapore Central Area Census Metropolitan Area National Recreation Area Lieutenancy area Metropolitan area Urban area Combined Statistical Area United States metropolitan area United States urban area Urban areas of New Zealand
A centralized government (spelled centralised government in British English) is one in which power or legal authority is exerted or coordinated by a de facto political executive to which federal states, local authorities, and smaller units are considered subject. In a national context, centralization occurs in the transfer of power to a typically sovereign nation state.